Windward Capital Management Co. CA Sells 2,404 Shares of The Walt Disney Company (NYSE:DIS)

Key Points

• Windward Capital Management Co. CA sold 2,404 shares of The Walt Disney Company, reducing its holdings by 1.5% and now owns 163,046 shares valued at approximately $16.09 million.
• Walt Disney's recent earnings report showed a profit of $1.61 per share, exceeding analyst expectations of $1.45, with quarterly revenue reaching $23.65 billion.
• Analysts maintain a generally positive outlook on Disney, with the stock having an average rating of "Moderate Buy" and a consensus target price of $131.18.

Windward Capital Management Co. CA lowered its holdings in The Walt Disney Company (NYSE:DIS - Free Report) by 1.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 163,046 shares of the entertainment giant's stock after selling 2,404 shares during the quarter. Walt Disney accounts for about 1.4% of Windward Capital Management Co. CA's investment portfolio, making the stock its 26th biggest position. Windward Capital Management Co. CA's holdings in Walt Disney were worth $16,093,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. MJT & Associates Financial Advisory Group Inc. bought a new stake in Walt Disney during the first quarter worth about $26,000. Mpwm Advisory Solutions LLC bought a new stake in Walt Disney during the fourth quarter worth about $27,000. Kessler Investment Group LLC grew its stake in Walt Disney by 274.0% during the first quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant's stock worth $27,000 after buying an additional 200 shares during the last quarter. Copia Wealth Management bought a new stake in Walt Disney during the fourth quarter worth about $36,000. Finally, Vermillion Wealth Management Inc. bought a new stake in Walt Disney during the fourth quarter worth about $39,000. Institutional investors own 65.71% of the company's stock.

Walt Disney Trading Down 0.8%

Shares of NYSE DIS opened at $115.36 on Friday. The company's 50 day simple moving average is $119.33 and its 200 day simple moving average is $108.09. The Walt Disney Company has a fifty-two week low of $80.10 and a fifty-two week high of $124.69. The firm has a market capitalization of $207.41 billion, a P/E ratio of 18.08, a P/E/G ratio of 1.67 and a beta of 1.56. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.72 and a quick ratio of 0.66.

Walt Disney (NYSE:DIS - Get Free Report) last posted its earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share for the quarter, topping the consensus estimate of $1.45 by $0.16. The company had revenue of $23.65 billion for the quarter, compared to analyst estimates of $23.69 billion. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. The business's revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period last year, the business posted $1.39 earnings per share. On average, analysts predict that The Walt Disney Company will post 5.47 EPS for the current year.

Wall Street Analyst Weigh In

DIS has been the topic of several research analyst reports. UBS Group upped their price objective on shares of Walt Disney from $120.00 to $138.00 and gave the stock a "buy" rating in a research note on Wednesday, July 16th. Jefferies Financial Group reaffirmed a "hold" rating on shares of Walt Disney in a research note on Monday, August 11th. Raymond James Financial reaffirmed a "neutral" rating on shares of Walt Disney in a research note on Monday, August 11th. Rosenblatt Securities increased their price target on shares of Walt Disney from $140.00 to $141.00 and gave the company a "buy" rating in a research note on Monday, August 11th. Finally, Keefe, Bruyette & Woods reissued a "market perform" rating on shares of Walt Disney in a research note on Monday, August 11th. Eight equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $131.18.

Walt Disney Profile

The Walt Disney Company operates as an entertainment company worldwide. It operates through three segments: Entertainment, Sports, and Experiences. The company produces and distributes film and television video streaming content under the ABC Television Network, Disney, Freeform, FX, Fox, National Geographic, and Star brand television channels, as well as ABC television stations and A+E television networks; and produces original content under the ABC Signature, Disney Branded Television, FX Productions, Lucasfilm, Marvel, National Geographic Studios, Pixar, Searchlight Pictures, Twentieth Century Studios, 20th Television, and Walt Disney Pictures banners.

Want to see what other hedge funds are holding DIS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Walt Disney Company (NYSE:DIS - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.